Barclays (BCS +2.1% in London) yesterday became the first bank ordered to face a trial in the...
Tuesday, October 30, 2012, 9:19 AM ETBarclays (BCS +2.1% in London) yesterday became the first bank ordered to face a trial in the U.K. over the manipulation of Libor rates. Barclays is being sued for up to £37M by residential care home operator Guardian Care Homes over the alleged mis-selling of swaps. The trial could lead to new revelations and will be a test case for thousands of small companies that also believe they were mis-sold such instruments.
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